Costco Anywhere Visa – How to apply

By Marcos • 12/08/2024

The Costco Anywhere Visa® Card by Citi is an excellent tool for Costco members who want to make the most of their membership.

With generous cashback rates across key categories like gas, dining, and travel, this card is built to reward your everyday spending while keeping costs low.

Whether you’re filling up your tank, dining out, or stocking up on groceries at Costco, this card ensures your purchases contribute to meaningful savings.

How Does the Costco Anywhere Visa® Card by Citi Work?

The Costco Anywhere Visa® Card by Citi offers a robust rewards program that complements your spending habits.

Cardholders earn 4% cashback on eligible gas purchases, including those made at Costco gas stations, up to $7,000 annually, and then 1% thereafter. This high rate is particularly beneficial for frequent drivers or those with long commutes.

Dining and travel also earn 3% cashback, making the card an excellent choice for those who enjoy eating out or planning trips.

Costco purchases, both in-store and online, earn 2% cashback, ensuring you’re rewarded for your membership loyalty. For all other purchases, the card offers 1% cashback.

Cashback rewards are provided annually in the form of a reward certificate, which can be redeemed for cash or merchandise at Costco warehouses.

This streamlined process ensures you can directly enjoy the benefits of your spending. Additionally, the card includes no foreign transaction fees and advanced fraud protection, making it a reliable option for both domestic and international use.

Main Benefits for the Costco Anywhere Visa® Card by Citi

The Costco Anywhere Visa® Card by Citi offers an impressive array of benefits that cater specifically to Costco members.

The 4% cashback on gas purchases is one of the highest rates available, making it a standout feature for those with regular fuel expenses.

The 3% cashback on dining and travel adds versatility to the card, rewarding spending outside of Costco.

Earning 2% cashback on all Costco purchases, whether in-store or online, enhances the value of your Costco membership, while the no-annual-fee policy ensures that every dollar you earn goes directly toward your savings.

The ability to redeem rewards annually at Costco warehouses is both convenient and practical for loyal Costco shoppers, solidifying this card’s place as a valuable addition to any Costco member’s wallet.

Cons for the Costco Anywhere Visa® Card by Citi

While the Costco Anywhere Visa® Card by Citi offers many advantages, it’s not without its drawbacks. The cashback rewards can only be redeemed at Costco warehouses, which may not be ideal for those who prefer more flexible redemption options.

Additionally, the card requires a paid Costco membership to apply, adding an indirect cost for those who don’t already have one.

The high APR also makes it less suitable for individuals who tend to carry a balance, as interest charges can quickly outweigh the benefits of the cashback rewards.

APR and Fees

The card does not charge an annual fee, which is certainly a plus for those looking to save on yearly costs. However, it’s important to note that this benefit is tied directly to your Costco membership, which does have its own annual fee. In other words, while the card itself doesn’t have a yearly charge, the membership that grants you access to Costco’s services and discounts requires you to pay a separate annual fee. This distinction is important to consider when evaluating the overall cost-effectiveness of using the card.

How to Apply for the Costco Anywhere Visa® Card by Citi

Applying for the Costco Anywhere Visa® Card by Citi is simple and straightforward. Here’s how:

1. Visit the Website: Go to Citi’s official website or Costco’s membership page and locate the Costco Anywhere Visa® Card by Citi. Click “Apply Now” to get started.
2. Provide Your Information: Enter your personal details, including your name, address, Social Security number, and income. You’ll also need to confirm your Costco membership information.
3. Submit Your Application: Review your details for accuracy and click submit. Most applicants receive an instant decision, though some cases may require additional review.
4. Activate Your Card: Once approved, your card will arrive in the mail within 7–10 business days. Activate it online or through Citi’s app, and start earning rewards right away!

With its tailored rewards program and seamless integration into Costco membership benefits, the Costco Anywhere Visa® Card by Citi is a fantastic choice for loyal Costco shoppers who want to maximize their spending.